Weekly Market Wrap: Nifty Eyes All-Time HighsNifty closed the week at 25,709, gaining 400 points from the previous week’s close — marking another strong performance! It made a high of 25,781 and a low of 25,060.
As I highlighted last week, Nifty was expected to trade within the 25,700–24,850 range — and while it briefly broke out by 80 points, it closed right back within the range, showing controlled optimism.
Technical Outlook:
The monthly charts of both Nifty and Bank Nifty are now showing signs of forming a bullish W-pattern, which typically indicates trend reversal and strength. If Nifty manages to sustain above 25,900, we could see it rally towards its all-time high of 26,277, followed by the important Fibonacci level of 26,492.
On the downside, a pullback towards 25,450–25,500 could offer a great buy-on-dips opportunity for fresh long positions.
Next Week’s Range Expectation:
With a holiday-shortened week ahead (holiday on Wednesday and only a 1-hour trading session on Tuesday), expect Nifty to remain range-bound between 26,200–25,250. A breakout beyond these levels could spark some serious fireworks!
Big Picture View:
I continue to remain optimistic about India’s growth story. Over the coming years, I expect:
Nifty to reach 44,000+
Sensex to touch 1,44,000+
Of course, there will be healthy pullbacks and corrections along the way — offering smart investors a chance to accumulate at better valuations.
💡 Investment Ideas:
To participate in India’s long-term growth journey, consider systematic investments in:
NiftyBees, MidcapBees, SmallCapBees & GoldBees
Also, keep an eye on the Banking, Auto, and Infrastructure sectors — all showing strong bullish setups for the next few weeks.
Global Markets – S&P 500 Update:
The S&P 500 closed at 6,664, up nearly 110 points for the week, forming an inside candle on the weekly chart.
A move above 6,715 can push it towards 6,760 / 6,780 / 6,930 / 6,959 (key resistance levels).
On the downside, 6,555 and 6,384 are crucial supports — as long as 6,384 holds, it remains a buy-on-dips market for me.
Wishing everyone a very Happy & Prosperous Diwali!
May this festival of lights bring you wealth, wisdom, and winning trades!
